Reserve Bank seeks wider perspective

The appointees - Lyttelton Port (NZSE: LPC) chairman Dr Brent Layton and Auckland research economist Kerrin Vautier - will provide advice on a part-time basis.

Reserve Bank governor, Don Brash, says both advisors will take part in preparing analysis and advice ahead of the bank's quarterly monetary policy statements.

"These innovations follow on from suggestions that emerged as a result of Professor Svensson's Independent Review of the Operation of Monetary Policy.

"They are also part of the bank's ongoing effort to be well-informed about developments in the New Zealand economy and to bring additional outside perspectives into our processes."

Mr Brash says in recent months the bank has also expanded its programme of visits to businesses and sector groups, and has invited senior central bankers from other countries to participate in the lead-up to monetary policy statements and provide feedback on the bank's processes.

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